In California, Advanced Farm Technologies raised $7.5 in Series A investment round led by Yamaha Motor Ventures & Laboratory Silicon Valley, with additional investments from Kubota Corporation, Catapult Ventures and Impact Venture Capital.
Advanced Farm Technologies develops robotic technology for farmers. In 2019, AFT became the first U.S. company to commercialize robotic strawberry harvesting using its innovative T-6 platform designed specifically for soil-planted beds.
Leveraging the $100 million Yamaha Motor Exploratory Fund, the AFT investment reflects YMVSV’s focus on disruptive technological solutions that meet the challenges of the global food supply chain.
The Series A funding round for AFT led by YMVSV raised a total of $7.5 million, “We see tremendous potential in Advanced Farm Technologies’ robotic harvesting solution as a means of helping to meet the growing global market demand for fresh fruits and vegetables. We look forward to working closely with the team to support the expansion of their enterprise,” said Nolan Paul, Partner and Global AgTech Lead for YMVSV.